Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Short Interest Up 182.0% in May

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,017,632 shares, a growth of 182.0% from the May 14th total of 360,805 shares. Approximately 8.5% of the company’s shares are short sold. Based on an average daily volume of 1,235,730 shares, the short-interest ratio is currently 0.8 days.

Invesco WilderHill Clean Energy ETF Price Performance

Invesco WilderHill Clean Energy ETF stock traded up $0.44 during trading hours on Friday, reaching $40.15. The company had a trading volume of 373,029 shares, compared to its average volume of 963,952. The company has a 50-day moving average price of $38.92 and a 200 day moving average price of $34.91. The firm has a market cap of $480.19 million, a price-to-earnings ratio of 0.93 and a beta of 1.75. Invesco WilderHill Clean Energy ETF has a 12-month low of $18.57 and a 12-month high of $47.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Invesco WilderHill Clean Energy ETF by 14.3% in the 1st quarter. Royal Bank of Canada now owns 23,634 shares of the company’s stock valued at $372,000 after purchasing an additional 2,952 shares during the period. Goldman Sachs Group Inc. grew its stake in Invesco WilderHill Clean Energy ETF by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 237,587 shares of the company’s stock worth $3,740,000 after purchasing an additional 48,043 shares during the period. Cetera Investment Advisers raised its holdings in Invesco WilderHill Clean Energy ETF by 9.0% in the second quarter. Cetera Investment Advisers now owns 13,880 shares of the company’s stock worth $276,000 after purchasing an additional 1,142 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco WilderHill Clean Energy ETF by 42.9% in the second quarter. JPMorgan Chase & Co. now owns 1,415 shares of the company’s stock worth $28,000 after purchasing an additional 425 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Invesco WilderHill Clean Energy ETF by 107.0% in the second quarter. BNP Paribas Financial Markets now owns 299,315 shares of the company’s stock worth $5,962,000 after purchasing an additional 154,712 shares in the last quarter.

About Invesco WilderHill Clean Energy ETF

The Invesco WilderHill Clean Energy ETF (PBW) is an exchange-traded fund that is based on the The WilderHill Clean Energy (AMEX) index. The fund tracks a modified equal-weighted index of companies involved in cleaner energy sources or energy conservation. PBW was launched on Mar 3, 2005 and is managed by Invesco.